TD surfs on Waterhouse's wave

Article Abstract:

Toronto-Dominion Bank (TD), Canada's No. 5 bank, provided its Manhattan, NY-based subsidiary, Waterhouse Securities Inc, the money to help the latter be a major player in the growing business of online stock trading. Waterhouse became the second-biggest online broker in the US at the end of 1998. With Waterhouse's position, TD can achieve its goal of becoming a leader in the global discount brokerage business.

Commercial Banking, Investment Banking and Securities Dealing, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Securities Dealers, Commercial banks, Toronto-Dominion Bank, Waterhouse Securities Inc.

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TD tallies $130-million Enron tab

Article Abstract:

The details on Toronto-Dominion Bank, which plans to pay $130 million to Enron Corp. over investor lawsuit, are examined.

United States, Legal issues & crime, Financial management, Legal/Government Regulation, Natural gas transmission, Banking industry, Company legal issue, Cases, Investor relations, Gas transmission industry, Enron Corp., Toronto Dominion Bank, ENRNQ

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